Carney-led FSB aims at international regulatory convergence
Work on FX benchmarks will be completed by November
Mark Carney, governor of the Bank of England and chairman of the Basel-based Financial Stability Board (FSB), yesterday hinted he hoped national standards on bank regulation would shift closer towards international alignment.
Divergent standards on bank capital between the world's biggest economies has been in the spotlight again over the last week, with Federal Reserve governor Daniel Tarullo on Sunday rejecting charges that the US is to blame for a ‘Balkanisation' of international regulations
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